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CA Technical Analysis Report

The S&P/TSX Composite Index is trading above the 50-period SMA, 2 TSX-listed stocks to consider at the current levels- BZ and BLDP

Sep 08, 2026

  • BZ:TSX-V
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)
  • BLDP:TSX
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)

Company Overview: Benz Mining Corp. (TSXV: BZ) is a Canada-based pure-play gold exploration company focused on advancing its Eastmain Gold Project in Quebec and its Glenburgh and Mt Egerton Gold Projects in Western Australia. The company aims to rapidly expand its global resource base through systematic exploration and advanced geological techniques across two of the world’s leading gold regions. Ballard Power Systems Inc. (TSX: BLDP) is a global leader in zero-emission hydrogen fuel-cell technology, providing clean-energy solutions for heavy-duty mobility and stationary power applications. Following its acquisition of GeoPura, Ballard has expanded into an integrated Energy-as-a-Service (EaaS) model, offering solutions spanning hydrogen production, logistics, refuelling, fuel cells and stationary power generationThis Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Canada Market Round-Up

The S&P/TSX Composite Index ended the week on September 04, 2026, on a positive note, gaining 40.12 points, or 0.11%, to close at 36,513.80. The broader technical outlook remains constructive, with the index continuing to trade comfortably above its rising trendline and 50-day Simple Moving Average (SMA), both of which are acting as key dynamic support levels and reinforcing the prevailing medium-term bullish trend. Momentum remains supportive, with the weekly 14-period Relative Strength Index (RSI) at 70.80, indicating sustained buying interest while also signalling that the index is approaching overbought territory. Looking ahead, immediate resistance is positioned near 37,244.08, and a decisive breakout above this level could strengthen bullish sentiment and open the door for further upside. On the downside, immediate support is placed around 35,783.52, where buying interest may emerge during pullbacks. However, a sustained break below this level could weaken the current technical structure and increase the risk of a deeper correction or extended consolidation. Overall, the medium-term outlook remains positive as long as the index holds above its key support levels, rising trendline, and 50-day SMA.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA CPI m/m, US FOMC PPI m/m and US Unemployment Claims.


Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

Past performance is not a reliable indicator of future performance.

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